Florida

IEEFA Research

IEEFA U.S.: Duke Energy IRPs for Carolina utilities overlook opportunities for savings from renewables

IEEFA U.S.: Duke Energy IRPs for Carolina utilities overlook opportunities for savings from renewables

Integrated resource plans for Duke give short shrift to offshore wind, solar and battery storage

April 5, 2021 (IEEFA) ⎼ A pair of long-range plans for Carolina utilities owned by Duke Energy are all but ignoring potential savings from renewable energy sources over the next decade, according to a report by the Institute for Energy Economics and Financial Analysis. The IEEFA report is the fourth in a series examining the […]

IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

IEEFA U.S.: Energy transition to renewables likely to accelerate over next two to three years

Coal, gas set to become biggest losers as renewable generation climbs quickly

March 31, 2021 (IEEFA) — The speed and scope of the energy transition to renewables will pick up pace over the next two to three years, according to the Institute for Energy Economics and Financial Analysis’ U.S. Power Sector Outlook 2021. Solar and battery storage adoption is enjoying almost exponential growth, and wind and solar […]

IEEFA: Duke Energy’s North Carolina gas IRPs fail to consider battery storage as viable option

IEEFA: Duke Energy’s North Carolina gas IRPs fail to consider battery storage as viable option

Utility claims natural gas is cheaper than battery storage

February 18, 2021 (IEEFA) — Duke Energy’s plans for its two utilities in the Carolinas rely on outdated cost estimates to avoid expanding battery storage capacity, according to a new study by the Institute for Energy Economics and Financial Analysis (IEEFA). In their latest integrated resource plans (IRPs), Duke Energy Progress and Duke Energy Carolinas […]

IEEFA U.S.: FERC gives blank check approval to pipeline builders, while investors and consumers pick up costs

IEEFA U.S.: FERC gives blank check approval to pipeline builders, while investors and consumers pick up costs

Commission’s 21-year-old pipeline policy puts contracts ahead of utility customers

December 17, 2020 (IEEFA) — The federal agency responsible for approving interstate gas pipeline projects is basing its decisions on contracts rather than on today’s consumer energy needs or the public interest, according to a report released today by the Institute for Energy Economics and Financial Analysis. The report—FERC’s Failure to Analyze Energy Market Forces—details […]

IEEFA U.S.: Virginia coal plant’s future isn’t bright: preparation for  transition should commence now

IEEFA U.S.: Virginia coal plant’s future isn’t bright: preparation for transition should commence now

Virginia City Hybrid Energy Center (VCHEC), one of the newest in U.S., risks closure due to market forces

December 16, 2020 (IEEFA)—Retiring the Virginia City Hybrid Energy Center (VCHEC) will bring unnecessarily abrupt economic hardship to Wise County if state and local officials do not begin to plan now for a transition, concludes a report published today by the Institute for Energy Economic and Financial Analysis. The 8-year-old coal-fired power plant, owned by […]

IEEFA report: Coal-fired power generation collapsing across Southeast U.S., longtime bastion of the industry

IEEFA report: Coal-fired power generation collapsing across Southeast U.S., longtime bastion of the industry

Decade-long influx of cheap gas started regional transition; solar expected to finish it

Oct. 1, 2019 (IEEFA U.S.) – Abundant gas supplies have transformed the electricity-generation sector in the traditionally coal-dominated Southeast U.S. Planned new solar construction in the region will add momentum to the energy transition and likely lead to the zeroing out of all coal generation in a number of states in the near future, finds […]

IEEFA report: Advances in electricity storage suggest rapid disruption of U.S. electricity sector

IEEFA report: Advances in electricity storage suggest rapid disruption of U.S. electricity sector

Utility-scale batteries give renewables a big lift while undercutting coal and challenging fracked gas

June 14, 2019 (IEEFA) — Momentum is gaining around an industry shift toward utility-scale battery storage systems nationally, finds a report published today by the Institute for Energy Economics and Financial Analysis (IEEFA). The report – Advances in Electricity Storage Suggest Rapid Disruption of U.S. Electricity Sector  –details upstart storage and storage-expansion projects in Arizona, […]

IEEFA report: U.S. likely to end 2018 with record decline in coal-fired capacity

IEEFA report: U.S. likely to end 2018 with record decline in coal-fired capacity

Utilities accelerate shutdown dates; 22 plants in 14 states this year; hard-hit regions include the Ohio River Valley

Oct. 25, 2018 — U.S. coal-fired power plant closures are on pace this year to set a record, concludes a research report published today by the Institute for Energy Economics and Financial Analysis. The report — “Record Drop in U.S. Coal-Fired Capacity Likely in 2018: Utilities Are Accelerating Shutdown Dates as Plants Grow Increasingly Uneconomic”— […]

IEEFA Research Brief: Coal in Decline, Blow by Blow

IEEFA Research Brief: Coal in Decline, Blow by Blow

Plant Closings and the Likely Effects on Specific Companies and Mines

We’ve published a research brief today that presents an expansive snapshot of a moving target: the decline in U.S. coal-fired generation nationally. As global energy markets continue to undergo rapid transformation, change has swept the U.S. as well. Our brief—“U.S. Coal Phase-out, Blow by Blow: Plant Closings and the Likely Corresponding Effect on Specific Companies […]

April 21, 2017 Read More →
Why This Coal-Fired Electric Plant in Florida Should Be Closed

Why This Coal-Fired Electric Plant in Florida Should Be Closed

The Time Is Right to Retire the 33-Year-Old Mcintosh Unit 3

The aging C.D. Mcintosh Jr. Unit 3 power plant in Lakeland, Fla., should be retired. That’s the inescapable conclusion of a study we published this morning in which we examine the operational costs and performance of the 33-year-old coal-fired plant. It’s not a pretty picture. Unit 3 is not competing very well with other sources […]

October 1, 2015 Read More →

More News and Commentary

Study: Big box stores could meet half their electricity needs with solar

Washington Post ($): Expansive, flat and abundant, the rooftops of big-box stores in the United States could produce enough solar energy to meet half their electricity needs, according to a report released Thursday. Walmart leads the way in rooftop solar potential, followed by Target and Home Depot. “There’s massive potential across the entire country for […]

January 21, 2022 Read More →

U.S. on pace to add record 9 gigawatts of battery storage in 2022

Wall Street Journal ($): Companies are poised to install record amounts of batteries on America’s electric grid this year, as government mandates and a steep decline in costs fuel rapid growth in power storage. The U.S., which had less than a gigawatt of large battery installations in 2020—roughly enough to power 350,000 homes for a […]

December 22, 2021 Read More →

Largest solar-powered battery in world now operating in Florida

Sarasota Magazine: The largest solar-powered battery in the world is now up and running, and it’s located in Parrish. Florida Power & Light’s Manatee Energy Storage Center, as it is known, was unveiled by the utility giant at a ceremony held Monday evening, with a light and drone show powered by energy from the battery. […]

December 15, 2021 Read More →

U.S. utility-scale solar penetration rose to 2.2 percent in 2020

S&P Capital IQ ($): The utility-scale solar power penetration in the U.S. increased to 2.2% in 2020 from 1.7% in 2019 as more companies continue to adjust their fuel mix in favor of renewable resources. Total solar generation for the nation was up 23.7% to 88.9 million MWh, from 71.9 million MWh in 2019, according […]

November 2, 2021 Read More →

Florida regulators sign off on plan for 3.5 gigawatts of solar over 5 years

Canary Media: Florida, a state known for its political leaders’ refusal to face the climate crisis, has just embraced a plan to more than double the solar power capacity of its largest utility. The Florida Public Service Commission last week voted unanimously to approve a long-watched request by Florida Power & Light to build 3.5 […]

November 1, 2021 Read More →

New U.S. solar capacity additions dip slightly but demand still strong

S&P Capital IQ ($): Solar power capacity additions in the second quarter of 2021 dipped compared to the year-ago period as developers encountered supply-side headwinds. However, demand remained strong, with a robust pipeline of projects totaling 17,428 MW under construction. Developers put into service 1,968 MW of utility-scale solar power capacity from April to June, […]

September 7, 2021 Read More →

FERC plans harder look at environmental impact of pipeline projects

S&P Capital IQ ($): Five more interstate natural gas transportation and storage projects will receive environmental impact statements from the Federal Energy Regulatory Commission, another sign the commission is turning toward the more extensive environmental reviews as it sorts out how to assess climate impacts. The unfolding approach could mean a longer review timeline for […]

September 1, 2021 Read More →

Plans announced for largest blue hydrogen facility in United States

E&E News ($): A North Dakota energy company announced a deal this week to convert a gas plant into the largest and cheapest clean hydrogen facility in the United States, underscoring an ongoing debate about hydrogen’s growth and emissions footprint. Bakken Energy LLC said it had reached an agreement with Midwestern utility Basin Electric Power […]

August 18, 2021 Read More →

NextEra added 1,840 MW of renewables, storage to backlog in Q2

Utility Dive: NextEra Energy subsidiary Florida Power & Light (FPL) in June “demolished” its last coal-fired plant in the state, and plans to replace it with a solar energy complex, Rebecca Kujawa, executive vice president of finance and chief financial officer, told analysts Friday during the company’s second quarter earnings call. NextEra Energy Resources, the […]

July 26, 2021 Read More →

US clean electricity standard could save 317,500 lives by 2050

S&P Global Market Intelligence ($): A nationwide clean power standard requiring 80% of U.S. electricity to come from carbon dioxide-free sources by 2030 would save hundreds of thousands of lives and sharply improve air quality while combatting climate change, according to a new study released July 12. The analysis, which the authors claimed was the […]

July 13, 2021 Read More →